Yee Lee Organization Bhd., Lim A Heng @ Lim Kok Cheong, Chua Shok Tim @ Chua Siok Hoon, Lim Ee Young and Dymon Asia Private Equity (S.E. Asia) Fund II Pte. Ltd., a fund managed by Dymon Asia Capital (Singapore) Pte. Ltd. made an offer to acquire remaining 41.6% stake in Yee Lee Corporation Bhd. (KLSE:YEELEE) for approximately MYR 190 million on April 26, 2019. Under the terms of the transaction, 79.69 million shares will be acquired at MYR 2.33 per share. Before transaction, Yee Lee Organization Bhd., Lim A Heng @ Lim Kok Cheong, Chua Shok Tim @ Chua Siok Hoon, Lim Ee Young and Dymon Asia Private Equity (S.E. Asia) Fund II Pte. Ltd. held 52.89% stake, 3.61% stake, 1.1% stake, 0.81% stake, and zero stake respectively. As at June 18, 2019, the Joint Offerors collectively hold 159.10 million Yee Lee Shares (representing 83.04% of the issued shares in Yee Lee) and further, the Joint Offerors have received acceptances (subject to verification) in respect of an additional 374,136 Yee Lee Shares (representing 0.20% of the issued shares in Yee Lee). The offer is not conditional on minimum level of acceptance. The offerors do not intend to maintain the listing of Yee Lee Corporation Bhd. In the event acceptance of not less than nine-tenth of the in the nominal value of the offer shares have been received, the offeror will proceed with compulsory acquisition. The offer will remain open for not less than 21 days from the posting date of offer document, may be extended and the closing date shall not be later than 60th day from the posting date. The transaction is expected to close on June 7, 2019. As of June 3, 2019, the offer closing date is extended to June 21, 2019. As of June 19, 2019, the offer closing date is extended to July 3, 2019. The board of Yee Lee Corporation Bhd. will appoint an independent advisor to the advise the non-interested Directors and the shareholders in the transaction. The Non-Interested Directors and Affin Hwang Investment Bank Berhad recommended that the shareholders to accept the Offer. UOB Kay Hian Securities (M) Sdn Bhd. acted as manager to the offerors. Affin Hwang Investment Bank Berhad acted as financial advisor to the non-interested Directors and the shareholders of Yee Lee Corporation Bhd.